Professionals from our Department of Professional Practice discuss accounting, presentation and disclosure considerations of the Consolidated Appropriations Act.
- All entities affected by COVID-19
- 01:15 Paycheck Protection Program (PPP) summary
- 04:25 Accounting for PPP
- 08:25 Timing of accounting for PPP
- 09:25 PPP tax items
- 11:00 Employee Retention Credit (ERC)
- 13:25 Accounting for ERC
- 15:05 Background on income tax relief
- 20:20 Accounting considerations for tax relief
- 23:25 Other programs
- 25:20 Disclosures
Legislative relief for COVID-19
Updated: Financial reporting considerations of the combined provisions of the American Rescue Plan Act and other relief.